Rubber market to see volatile trading

The Malaysian rubber market is expected to be volatile next week amid uncertain global sentiment, dealers said.

They said it would be difficult to predict the trend next week as prices would most probably be influenced by the supply situation and the futures market.

A dealer said the market would also be influenced by Federal Reserve chairman Ben Bernanke's speech tomorrow where he was expected to outline plans for more economic stimulus.
 
For the holiday-shortened week just-ended, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 added 9.5 sen to 791 sen a kg from 781.5 sen a kg last Friday, while latex-in-bulk increased 10 sen to 574 sen a kg from 564 sen previously.
 
The unofficial closing price for SMR 20 rose 10 sen to 791.5 sen a kg from 781.5 sen last Friday while latex-in-bulk inched up 10.5 sen to 573.5 sen a kg from 563 sen previously.
 
The market was closed on Friday for the Merdeka Day celebrations.